As you are in the UK take a look at Steves review of the ultra smart Sanyo Xacti E6 which is £115 on amazon marketplace and a lovely piece of kit. Got one several weeks ago and no regrets. Tried Casios, Panasonics etc and the Sanyo image quality was up there with thebest. It uses a Konica Minolta 3 x non protruding lens, brill 3 inch screen etc. Superb macro, Ok lowlight performance. Sanyo are not known as a cam brand ... but infact manufacture loads for other popular brands.

The E60 (replacement) doesn't seem a bad price either and has Image stabilization.